Over the last five decades, the micro, small and medium enterprise (MSME) sector has transformed into a dynamic sector. It plays an essential role in providing large employment opportunities at rather lower capital costs than large industries. Thanks to the industrialization of rural and backward areas, regional imbalances are reduced and a more balanced distribution of national income and wealth is ensured. Many ancillary units merge with MSMEs and thus contribute immensely to the socio-economic development of the country. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get Original EssayThe Ministry of Small Scale Industries and the Ministry of Agriculture and Rural Industries merged on 9 May 2007 to form the Ministry of Micro, Small and Medium Enterprises (M/o MSME) to facilitate MSMEs in India. The above Ministry defines various policies and also promotes various programmes, projects and schemes and continuously monitors their implementation in order to assist MSMEs and direct them towards growth. The Office of the Development Commissioner (DC (MSME)), an annex office for policy implementation, has undertaken various programs and schemes to provide infrastructure and support services to MSMEs. These schemes and programs are implemented with the assistance of National Small Industries Corporation, Khadi and Village Industries Commission, Coir Board and three training institutes, National Institute of Entrepreneurship and Small Business Development, National Institute for Micro, Small and Medium Enterprises, Hyderabad, Indian Institute of Entrepreneurship, Guwahati and Mahatma Gandhi Institute for Rural Industrialisation. The Ministry facilitates various schemes or programs undertaken by the Ministry and its organizations Financial institutions/ banks provide abundant credit flows; Upgrading and rejuvenation of technology has taken place; Built-in infrastructural facilities; Official quality recognition together with modern testing services; Able to access recent management practices; Entrepreneurship development and skills updating through adequate training structures; Provides various supports for product development, design intrusion and packaging; Focus on the well-being of artisans and workers; Assistance for better access to domestic and foreign markets and cluster-type actions to promote attitude development and empowerment of units collectively. Women entrepreneurs have achieved notable successes. Various programs for the development of women entrepreneurs have been conducted by the Office of the DC (MSME), various State Small Industries Development Corporations (SSIDC), nationalized banks and even NGOs. Potential female entrepreneurs who may not have the appropriate educational background and skills have focused on the needs of the Bureau of Developing Countries (MSMEs). Several process/product oriented EDPs have been introduced in areas such as television repair, printed circuit boards, leather goods, screen printing, etc. Various recognition measures are initiated that provide incentives to women entrepreneurs, for example a special award is given to the "Outstanding Female Entrepreneur" of the year. Please note: this is just an example. Get a custom paper from our expert writers now. Customize EssayWomen entrepreneurs are facing specific problems, which is why the Office of DCs (MSMEs) has also opened a women's cell to provide coordination and assistance to them. Special assistance for creating shares of.
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